UPDATE 1-Market Chatter - Corporate finance press digest
April 27 (Reuters) - The following corporate finance-related stories were reported by media on Friday:
* Dutch lender Rabobank plans to sell its fund management arm Robeco for 1.5-2.0 billion euros ($2.0-$2.6 billion) as part of a reorganisation of its businesses, Dutch newspaper Het Financieele Dagblad reported, citing unnamed sources.
* Spanish banking group La Caixa, which owns stakes in oil major Repsol and utility Gas Natural , is planning a merger between the two energy groups, Cinco Dias reported, citing unnamed sources.
* China's securities regulator is planning to enact strict criteria that small and medium-sized commercial banks must meet to list publicly, seeking to allow only one in five to go public over the next few years, state media reported.
* DLF, India's top-listed realtor, is in talks with three Mumbai-based real estate companies, Lodha Developers, Runwal Group and Sheth Creators, to sell a piece of land in central Mumbai, the Business Standard reported.
* Investment banks globally will likely have to reduce staff levels by at least 10 percent to achieve profitability targets, and the next round of layoffs may axe senior executives, a report said.
Deals of the day:
- Malaysia Airlines denies crash report, says plane still missing |
- UPDATE 4-Malaysia Airlines plane crashes in South China Sea with 239 people aboard - report
- China draws red line' on North Korea, says won't allow war on peninsula
- No signal picked up from missing Malaysia Airlines plane-Vietnam official
- Malaysian plane crashed off Vietnam coast: state media